INTERVAL INTERNATIONAL AND CENTURY ACQUA LIFESTYLE CORPORATION ANNOUNCE EXCLUSIVE, LONG-TERM CLUB AFFILIATION AGREEMENT
Miami, FL, January 14, 2016 – Interval International, a prominent worldwide provider of vacation services and an operating business
of
Interval Leisure Group (Nasdaq: IILG), and Century Acqua Lifestyle Corporation, a subsidiary of
Century Properties,
today announced an exclusive, long-term club affiliation agreement. The contract includes 152 fractional units housed in the 4-star
Novotel Suites Manila, the sixth tower in the 2.4 hectare
(6-acre)
Acqua Private Residences complex. The project overlooks the Pasig River and is
steps from Metro Manila's finest shopping and dining centers.
Novotel Suites Manila is the first hotel developed by Century Properties in partnership with Accor Hotels and is the third branded development within the Acqua Private Residences community. "Over the past 30 years, Century Properties has become one of the leading real estate companies in the Philippines, renowned for its innovative concepts and collaborations with respected brands around the globe," said David Gilbert, Interval's president. "We're very pleased that the company is entering shared ownership with this outstanding urban project, which will have beautiful living spaces, exceptional service, and world-class facilities."
The well-appointed units will feature sophisticated contemporary design ideal for the modern traveler. Planned on-site amenities will include a restaurant, bar and cafe, an outdoor themed lounge adjacent to a spectacular infinity pool, gym and fitness center.
"We've had resounding success with the first five Acqua Private Residences towers," said Marco Antonio, Century Properties' chief operating officer. "Adding a fractional ownership option in Novotel Suites Manila and having Interval provide worldwide vacation exchange is a strategic part of our efforts to support the Philippines' tourism and hospitality sector."
Owners of quarter-shares also will enjoy access to an all-day dining restaurant and bar, the infinity pool, the Executive Club Lounge, the Outdoor Lounge, and Gym as well as shops and restaurants along the community's Riverwalk Promenade. Just across the Estrella-Pantaleon Bridge are more shops, restaurants, and landmarks in the fashionable corridor where the metro Manila cities of Makati and Mandaluyong meet.
Novotel Suites Manila preferred shares' usage entitlements will be ready for exchange when construction is completed in 2019.
Purchasers at Century Acqua Lifestyle Corporation will be enrolled as individual members of Interval International and will also become Interval Gold® members, entitling them to a number of flexible exchange opportunities and upgraded benefits and services. These include Interval Options®, the ability to use points toward a cruise, tour, golf, or spa vacation; ShortStay Exchange®; Hertz Gold Plus Rewards® membership; discounts on Getaway vacation rentals; special offers at hotels, restaurants, and retail outlets worldwide; and VIP ConciergeSM for personal assistance, 24/7.
About Interval International
Interval International operates membership programs for vacationers and provides value-added services to its developer clients worldwide. Based in Miami, Florida, the company has been a pioneer and innovator in serving the vacation ownership market since 1976. Today, Interval's exchange network comprises more than 2,900 resorts in over 80 nations. Through offices in 16 countries, Interval offers high-quality products and benefits to resort clients and approximately 2 million families who are enrolled in various membership programs. Interval is an operating business of Interval Leisure Group, Inc. (Nasdaq: IILG), a leading global provider of non-traditional lodging, encompassing a portfolio of leisure businesses from exchange and vacation rental to vacation ownership.
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For more information contact:
Beatrice de Peyrecave, 305.925.7032
Beatrice.dePeyrecave@intervalintl.com
